Wedge Capital Management L L P NC Purchases 10,914 Shares of CPI Aerostructures, Inc. (CVU)

Wedge Capital Management L L P NC grew its position in shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 27.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 50,140 shares of the aerospace company’s stock after buying an additional 10,914 shares during the quarter. Wedge Capital Management L L P NC’s holdings in CPI Aerostructures were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CVU. Royce & Associates LP grew its holdings in shares of CPI Aerostructures by 24.2% during the 4th quarter. Royce & Associates LP now owns 768,866 shares of the aerospace company’s stock worth $4,898,000 after purchasing an additional 150,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CPI Aerostructures by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 587,042 shares of the aerospace company’s stock worth $3,739,000 after purchasing an additional 22,133 shares in the last quarter. Perritt Capital Management Inc. grew its holdings in shares of CPI Aerostructures by 1.2% during the 4th quarter. Perritt Capital Management Inc. now owns 515,111 shares of the aerospace company’s stock worth $3,281,000 after purchasing an additional 6,289 shares in the last quarter. Penn Capital Management Co. Inc. grew its holdings in shares of CPI Aerostructures by 66.5% during the 4th quarter. Penn Capital Management Co. Inc. now owns 421,877 shares of the aerospace company’s stock worth $2,687,000 after purchasing an additional 168,459 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of CPI Aerostructures during the 4th quarter worth $2,389,000.

Shares of CVU traded up $0.10 during trading hours on Friday, hitting $7.00. 13,256 shares of the company were exchanged, compared to its average volume of 32,951. CPI Aerostructures, Inc. has a fifty-two week low of $5.83 and a fifty-two week high of $11.75.

CPI Aerostructures (NYSEAMERICAN:CVU) last released its earnings results on Friday, May 10th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $25.58 million for the quarter.

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CPI Aerostructures Company Profile

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.

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Institutional Ownership by Quarter for CPI Aerostructures (NYSEAMERICAN:CVU)

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